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farticustheelder t1_j4iiqth wrote

Absolutely and obviously NO!

OK, maybe not so obvious to some. But not too complicated to learn either. The trick is separate economics, technology, and politics.

The economic/politics starts with Karl Marx and his prediction that capitalism self-destructs. The mechanism is simple: labor costs are a cost; Duh? Absolutely! but important; costs are to minimized if profits are to be maximized; hence labor is to eliminated.

But you say (or rather Marx said): 'Labor income is the sole support of the general economy. No income, no spending, no profit, no economy; sure says the capitalist but that's way down the road, after I get my slice!

In a socialist or communist system profit is just one variable out of many. From a political point of view it should be slightly above zero but not by much. What is important is having jobs and careers for people. It gives us both a sense of purpose and something to do (idle hands and all that stuff).

It isn't AI or automation taking jobs away, it is capitalism. So let's get rid of that broken economic system.

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